Published: 2024-03-04T05:12:22.000Z
USD/JPY flows: Getting ready for sensitive headlines

FX Analyst
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Japanese media Mainichi and Kyodo reporting Japan gov't mulls declaring official end to deflation
As we come closer to the all important spring wage negotiation, any headlines will be market sensitive as they may sway BoJ's policy decision. Japanese media Mainichi and Kyodo reporting Japan gov't mulls declaring official end to deflation, which initially saw a dip in the pair but does not seems to have a lasting impact because it would be more a move of gesture to prepare the public for a move in monetary policy. The direction changed as session progress, U.S. Treasury Yields are higher while JGB yields lower.
USD/JPY is now trading 0.14% higher at 150.26.